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More than 500,000 blocks are produced in the Bitcoin network


Yesterday the Bitcoin network marked another "anniversary" figure. This time it was not the value of the course or any important date. On December 18, a block numbered 500,000 appeared in the blockchain. This event does not bear any technical or fundamental consequences. However, this coincided with the fact that the capitalization of the cryptocurrency market increased by another $ 100 billion and now amounts to more than $ 600 billion.

The mark of 500 billion dollars of total capitalization, the cryptocurrencies passed on December 13, and on December 18 the total capitalization of the cryptocurrency market amounted to 604 billion US dollars. This event also coincided with the launch of trading Bitcoin futures on the CME exchange.

However, the news that one of the creators of the site Bitcoin.com sold all its Bitcoins with the phrase "Bitcoins are so good as useless." In fact, this is another step of propaganda in favor of Bitcoin Cash, and nothing more. 

Nevertheless, the figure of half a million blocks, despite the lack of practical sense, confirms the reliability of the first cryptocurrency, which in two weeks, on January 3, 2018, will celebrate its ninth anniversary. And Bitcoin really has something to be proud of. In just nine years it has gone from worthless numbers on the hard drive to the most valuable of virtual assets in the world, which on daily turnover can already compete with many fiat currencies, and his ever-growing popularity allows talking that soon digital money can be viewed as a reliable reserve asset even for institutional investors, banks and hedge funds.

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